TORONTO, ONTARIO--(Marketwire - Oct. 15, 2010) - Menu Foods Income Fund (the "Fund") (TSX:MEW.UN) announced today that the United States Federal Trade Commission has granted early termination of the waiting period under applicable anti-trust laws with respect to the proposed acquisition of all the securities of Menu Foods Limited by Simmons Pet Food, Inc.

The transaction remains subject only to customary closing conditions. Closing is expected to occur in early November, 2010.

About Menu Foods Income Fund

The Fund is the indirect owner of Menu Foods Limited, a leading North American private-label/contract-manufacturer of wet pet food products.

Caution Regarding Forward Looking Statements

Certain statements contained in this news release are "forward-looking statements" and are prospective. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "targets", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements are based on estimates and assumptions made by management of the Fund and Menu Foods Limited in light of their experience and their perception of historical trends, current conditions and expected future developments, as well as other factors that they believe are appropriate in the circumstances, including their expectations of the timing and the terms and benefits of the proposed transaction. Many factors could cause the actual events to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the possibility that certain conditions of the proposed transaction may not be satisfied and legislative and/or regulatory changes. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. The Fund and Menu Foods Limited disclaim any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or other circumstances, except to the extent required by applicable law.